Segall Bryant & Hamill LLC bought a new stake in Capital Bancorp, Inc. (NASDAQ:CBNK - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 58,657 shares of the financial services provider's stock, valued at approximately $1,662,000. Segall Bryant & Hamill LLC owned about 0.35% of Capital Bancorp as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Arcus Capital Partners LLC purchased a new stake in shares of Capital Bancorp in the 1st quarter valued at about $481,000. Janney Montgomery Scott LLC purchased a new stake in shares of Capital Bancorp in the 1st quarter valued at about $464,000. Mackenzie Financial Corp purchased a new stake in shares of Capital Bancorp in the 4th quarter valued at about $499,000. Squarepoint Ops LLC lifted its holdings in shares of Capital Bancorp by 37.9% in the 4th quarter. Squarepoint Ops LLC now owns 21,302 shares of the financial services provider's stock valued at $607,000 after purchasing an additional 5,851 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Capital Bancorp by 19.5% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 10,749 shares of the financial services provider's stock valued at $306,000 after purchasing an additional 1,754 shares during the last quarter. 56.14% of the stock is owned by hedge funds and other institutional investors.
Capital Bancorp Stock Performance
CBNK opened at $35.07 on Friday. The stock has a market cap of $584.27 million, a P/E ratio of 14.14 and a beta of 0.69. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.01. The stock's 50 day simple moving average is $33.08 and its 200 day simple moving average is $30.57. Capital Bancorp, Inc. has a 1-year low of $22.69 and a 1-year high of $35.72.
Capital Bancorp (NASDAQ:CBNK - Get Free Report) last announced its earnings results on Monday, April 28th. The financial services provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.21. The firm had revenue of $58.60 million for the quarter, compared to analysts' expectations of $57.54 million. Capital Bancorp had a return on equity of 15.04% and a net margin of 14.43%. As a group, equities analysts anticipate that Capital Bancorp, Inc. will post 3.17 EPS for the current fiscal year.
Capital Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 12th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Monday, May 12th. Capital Bancorp's dividend payout ratio (DPR) is 16.13%.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods upped their price objective on Capital Bancorp from $33.00 to $35.00 and gave the company a "market perform" rating in a research note on Monday, May 12th.
View Our Latest Report on CBNK
Insider Activity
In other Capital Bancorp news, COO Steven M. Poynot acquired 750 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average price of $33.35 per share, for a total transaction of $25,012.50. Following the completion of the acquisition, the chief operating officer directly owned 5,253 shares of the company's stock, valued at $175,187.55. This trade represents a 16.66% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 31.59% of the stock is owned by company insiders.
Capital Bancorp Company Profile
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Free Report)
Capital Bancorp, Inc operates as the bank holding company for Capital Bank, N.A. that provides various banking products and services to businesses, not-for-profit associations, and entrepreneurs in Maryland, Virginia, and the District of Columbia. It operates through Commercial Banking, Capital Bank Home Loans, and OpenSky segments.
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